All of the Following Are Associated with Social Impact Assessments

question 33

Multiple Choice

All of the following are associated with social impact assessments in the U.S.except:

• A)the purpose of the assessment is to determine whether the project will have a positive or negative impact on the immediate community.
• B)the social impact assessment is required in the U.S.for any projects using federal funds.
• C)the assessment is considered part of the environmental review process.
• D)anthropologists do not frequently participate in social impact assessments.
• E)the assessment should address how the impact will occur on the community.

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Definitions:

Machinery Retirement

Machinery retirement refers to the process of removing fixed assets, specifically machinery, from operational use due to obsolescence, age, or inefficiency.

Double-declining-balance Method

An accelerated depreciation method that doubles the normal depreciation rate, allowing for more depreciation expense in the earlier years of an asset's life.

Straight-line Method

A technique for determining the depreciation of an asset that presumes the asset depreciates by a consistent amount annually throughout its expected lifespan.

Net Income

The amount of earnings left over for a business after it has paid out all expenses, including taxes, interest, and operating expenses.